Rice Hall James & Associates LLC grew its holdings in Upland Software, Inc. (NASDAQ:UPLD - Free Report) by 115.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,226 shares of the software maker's stock after acquiring an additional 315,651 shares during the period. Rice Hall James & Associates LLC owned about 2.14% of Upland Software worth $1,467,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Upland Software by 180.6% in the second quarter. Renaissance Technologies LLC now owns 288,408 shares of the software maker's stock valued at $718,000 after acquiring an additional 185,617 shares in the last quarter. Heron Bay Capital Management acquired a new stake in shares of Upland Software in the 2nd quarter valued at $185,000. Mackenzie Financial Corp lifted its position in shares of Upland Software by 74.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,191 shares of the software maker's stock worth $75,000 after purchasing an additional 12,898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Upland Software during the first quarter worth $37,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Upland Software in the first quarter valued at $34,000. Hedge funds and other institutional investors own 77.78% of the company's stock.
Insider Activity at Upland Software
In other Upland Software news, CEO John T. Mcdonald acquired 33,635 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $1.98 per share, with a total value of $66,597.30. Following the transaction, the chief executive officer now owns 297,373 shares of the company's stock, valued at approximately $588,798.54. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.30% of the stock is owned by insiders.
Upland Software Stock Performance
Shares of Upland Software stock traded down $0.03 on Friday, hitting $2.13. The stock had a trading volume of 68,031 shares, compared to its average volume of 92,217. The stock has a market cap of $58.09 million, a price-to-earnings ratio of -0.45 and a beta of 1.14. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 72.71. Upland Software, Inc. has a 52-week low of $1.79 and a 52-week high of $5.28. The company's 50 day moving average price is $2.34 and its 200 day moving average price is $2.43.
Upland Software (NASDAQ:UPLD - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.14). The firm had revenue of $69.34 million during the quarter, compared to analysts' expectations of $67.91 million. Upland Software had a negative net margin of 46.18% and a positive return on equity of 19.98%. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, research analysts anticipate that Upland Software, Inc. will post 0.31 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have issued reports on UPLD shares. Roth Capital raised Upland Software from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Upland Software in a report on Friday, August 2nd. Finally, StockNews.com raised shares of Upland Software from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.75.
Read Our Latest Report on UPLD
Upland Software Profile
(
Free Report)
Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.
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